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Appendix G: Development Feasibility OVERVIEW This analysis provides an evaluation of the feasibility of prototypical development projects in key areas of the city of Everett. This is intended to provide guidance for the policies of the City of Everett Housing Action Plan (HAP), and to highlight areas for action. As many of the objectives of the HAP strongly depend on the redevelopment of existing properties, it is essential to determine whether current market conditions would support these types of investments over the short-term. If current conditions are not ideal for new development projects, it can be important to highlight potential actions that would be successful in promoting new projects in targeted areas. Additionally, this will also explore the ability for local development projects to accommodate affordable housing, to address current needs and reduce economic displacement in the community. This report is divided into several sections:  Background. An overview of the major real estate market statistics for the Everett housing market is provided in this section, in addition to elements relevant to local housing production.  Methodology. This section provides a short overview of the methodology of the report, which includes a discussion of the scenarios, major assumptions, and other considerations with the findings.  Scenario Findings. Based on the analyses conducted, a summary of the major findings from each scenario are described, as well as specific implications for the feasibility of development of these types.  Conclusions. From the evaluations provided in this report, major conclusions related to the development of the HAP are provided here. This includes major considerations to be discussed as part of future efforts to rezone certain areas, allow a broader range of residential uses into certain neighborhoods, or plan for long-term actions to support development.